Midterm elections provided the hyperscalers with the excuse they needed to cut back on spending, says Jefferies strategist
Summary
A Jefferies strategist notes that the recent midterm elections gave major tech companies a reason to reduce their infrastructure spending. For investors looking to navigate a potential slowdown in artificial intelligence capital expenditures, alternative opportunities can be found in specific international markets and other industry sectors.
If the AI capex narrative is losing momentum then Jefferies strategist Chris Wood can recommen some sectors , like pharma, and some markets like India, Brazil and China, as ways to play that slowdown.
Source: Read the full story at MarketWatch.com - Top Stories
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